New Construction Loans in Portland, Indiana

We found 20 records for new construction lenders in Portland, IN.
In this city, the mean loan amount is $671,000.
Interest rates on private loans made to Portland borrowers average 10.7%. 14 months is the mean length for loans offered in this city. The average points charged for loans is 3.0%.
The average LTV offered for loans in Portland is 76%.

Loan Example 1

Melinda
is a home builder who wants to construct a single family home on a land lot in Portland, IN.
On top of the $260,000 price of the land, Melinda
approximates she will need about $150,000 in building costs to finish the project. Red View Lending Corporation
makes a 70% loan-to-value (LTV) new construction loan to Melinda
in order to fund the transaction. They agree to a 12% interest rate for 12 months in addition to a 2 point origination fee.
They will not enforce a pre-payment penalty and they will pay out the building costs in several draws. Given this loan scenario, the lender will pay $287,000 of the land and the building costs. The borrower will be required to pay $123,000 down, a $5,740 origination charge, and $2,870 per month in loan payments.
When the loan expires, Melinda
sells the project for $610,000. This will net Melinda
a $159,820 total profit after paying back all costs of the loan ($287,000 principle amount, $123,000 cash at closing, $5,740 origination charges, and $34,440 for 12 months of payment).

Loan Example 2

Philip
is a home builder in Portland, IN. He wants to buy a vacant lot and build a new single family home. In order to fund the project, he takes a new construction loan from Victory Finance Corporation
with these specifications:

Anchor Loans is a California based Hard Money Lender. They provide loans in 46 states throughout the US. They are the largest Fix-and-Flip lender in the U.S. lending over $6 Billion life-to-date in total loan volume to real estate ...

Based in Atlanta, GA, Angel Oak Prime Bridge is an asset-based lender offering loans throughout Georgia.
They provide loans for many different scenarios, including fix-and-flip hard money loans, short term bridge loans, construction loans, and investment property loans. ...

Primeau Funding is hard money lender based in Scottsale, AZ. They provide loans across the United States.
They provide short term bridge loans, ground up construction loans, commercial loans, and fix-and-flip hard money loans.
They ...

Based in Hamilton, NJ, Creative Hard Money LLC is a private lender offering loans throughout the United States.
They provide loans for many different scenarios, including fix and flip loans, cash out hard money loans, rental property loans, ground-up ...

Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new ...

Based in Colorado Springs, CO, Red Rock Capital is a private money lender providing loans in 42 states across the United States.
They offer construction loans, bridge loans, fix-and-flip loans, and loans for investments properties.
Their loan ...

Headquartered in Long Beach, NY, NLDS Corp is a private lender providing funding in 32 states throughout the US.
They offer lending solutions for a variety of scenarios, including hard money bridge loans, fix-and-flip hard money loans, investment property ...

Lima One Capital is a hard money lender based in Greenville, SC providing loans in 40 states across the US.
They offer loans for many different scenarios, including fix-and-flip hard money loans, construction loans, refinancing, and investment property ...

Island View Private Loan Fund is a hard money lender based in Colorado Springs, CO offering funding in 42 states across the US.
They offer lending solutions for a variety of situations and needs, including fix and flip hard ...

Sharestates is a Great Neck, NY based hard money lender. They provide loans in 46 states across the US. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, fix ...

Global Integrity Finance are commercial hard money lenders based in McKinney, Texas. They specialize in hard money loans for commercial properties, bridge loans, fix and flip loans, and construction loans in some cases. They fund all loans using ...

Miner Capital Funding is private money lender based in Belleville, IL. They offer funding all across the US.
They offer ground up construction loans, hard money refinancing, long term rental property loans, private commercial loans, short term ...

Based in Water Mill, NY, Hamptons Financial is a hard money lender offering funding throughout the United States.
They offer short term fix and flip loans, private commercial loans, new construction loans, hard money refinancing, bridge loans, and ...

Fund That Flip is private lender headquartered in New York, NY. They offer funding across the country.
They offer fix-and-flip hard money loans, ground-up construction loans, and long term rental property loans.
Their loan guidelines ...

We Lend Money is an asset-based lender offering funding all throughout the US. They provide lending solutions for a variety of situations, including private commercial loans, long term rental property loans, fix-and-flip loans, hard money construction loans, and ...

Caroline Lending LLC is a Houston, TX based hard money lender. They provide funding all throughout the US. They provide loans for a variety of needs and situations, including short term fix and flip loans, ground up construction ...

Compare Loan Rates

*First Name:

*Last Name:

*Email:

*Phone:

*Loan Amount:

*State Where Property Located:

We value your privacy. By clicking "Request Free Info," you consent to our privacy policy and agree we can contact you using a phone that autodials numbers for the purpose of discussing loan options. Your consent is not a condition of receiving services and may be revoked at any time.

Need Help?

1-888-473-6410

Get Free Private Lending Information

*First Name:

*Last Name:

*Email:

*Phone:

*Loan Amount:

*State Where Property Located:

We value your privacy. By clicking "Request Free Info," you consent to our privacy policy and agree we can contact you using a phone that autodials numbers for the purpose of discussing loan options. Your consent is not a condition of receiving services and may be revoked at any time.